The history of your Social Security
Surprising how many people don’t know the facts of the Social Security card and how it has evolved.
Just in case some of you young whippersnappers (and some older ones) didn’t know this: It’s easy to check out, if you don’t believe it. Be sure and show it to your family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts.
Social Security cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed. An old Social Security card with the “NOT FOR IDENTIFICATION” message.
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised: 1) participation in the Program would be completely voluntary, but it is no longer voluntary; 2) participants would only have to pay 1 percent of the first $1,400 of their annual Incomes into the Program, but now 7.65 percent is paid on the first $90,000; 3) money the participants elected to put into the Program would be deductible from their income for tax purposes each year, but it is no longer tax deductible; 4) money the participants put into the independent “Trust Fund” rather than into the general operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other government program, but, under Lyndon B. Johnson the money was moved to the General Fund and spent; 5) annuity payments to the retirees would never be taxed as income. But under Bill Clinton and Al Gore, up to 85 percent of your Social Security can be taxed.
Since many of us have paid into FICA for years and are now receiving a Social Security check every month — and then finding that we are getting taxed on 85 percent of the money we paid to the Federal government to “put away” — you may be interested in the following questions:
— Which political party took Social Security from the independent “Trust Fund” and put it into the General Fund so that Congress could spend it? A: It was Lyndon Johnson and the Democratically controlled House and Senate.
— Which political party eliminated the income tax deduction for Social Security (FICA) withholding? A: The Democratic Party.
— Which political party started taxing Social Security annuities? A: The Democratic Party, with Al Gore casting the tie-breaking deciding vote as president of the Senate.
— Which political party decided to start giving annuity payments to immigrants (my favorite)? A: That’s right! Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and, at age 65, began to receive Social Security payments. The Democratic Party gave these payments to them, even though they never paid a dime into it! Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away. And the worst part about it is uninformed citizens believe it.
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